China’s listed companies report better profits as economy firms

Updated:
Feb 14,2018 7:29 PM
Xinhua

BEIJING — Listed companies in China reported high profit growth in 2017 as the country’s economy ended the year stronger than expected.

So far, 2,540 listed companies on the country’s two major stock exchanges have released their 2017 performance estimates, and some 73.5 percent of them expect profit growth, according to the Xinhua-run Economic Information Daily.

Some 673 companies, or 26.5 percent of the total, expect net profits to double.